Ask Experts Questions for FREE Help !
Ask
    elimatt69's Avatar
    elimatt69 Posts: 1, Reputation: 1
    New Member
     
    #1

    Jul 24, 2010, 04:35 PM
    Friend loans/gives money then sues
    A friend loaned another friend money on several different occasions. Sometimes the person who loaned the money said "dont worry about it, it's a gift!" Then other times this same person would say you will need to repay me someday. No agreement was ever written spokn of or signed. The two friends had a falling out and now the first friend is trying to sue the person they gave the money to. Will the courts demand repayment to the friend
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #2

    Jul 24, 2010, 04:48 PM

    If the lender can prove that money was loaned, then yes.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #3

    Jul 24, 2010, 08:54 PM

    The one side will have to prove
    1. the money was given. And how much was given, was it in check form, was there receipt for the money. So the one side has to prove they gave the money. And they will need to try and prove it was a loan

    2. the other side has to prove it was a gift

    The judge will have to decide who is telling the most truth

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Being Sues [ 14 Answers ]

I am being taken to court seeking judgement by an insurance Company that paid their client under uninsured/underinsured motorist coverage. I cannot afford an attirney but have prepared an 'Answer' to the allegations. Not having an attorney, what should I expect to happen next after the answer is...

Hard money loans [ 2 Answers ]

My realtor says something is wrong with this,the loan. We have gotten very little money for the amout of the loan.We have our place for sell for 2 years.We will have to come up with a ballon payment by next month.We have ref.2 times now, and we do not know what to do. Both of are unemployed and...

Does anyone have information on Hard Money Loans [ 2 Answers ]

What are the pros and cons using this tool?

Con edison sues landlord [ 2 Answers ]

Can con edison sue me as a New York city landlord for utility bill not paid by a tenant?

Sues by Credit Card Company [ 1 Answers ]

I received a citation where a credit card company is suing me for a debt thst eas back in 2000. They command that I be there. I just wanted to know can they command me to do anything. Thanks J


View more questions Search